Accounting · Income Tax
Under the Income Tax Act, 1961, Section 80GG provides deduction in respect of:
- 1donations to certain funds and charitable institutions
- 2contributions by companies to political parties or an electoral trust
- 3rent paid by an assessee who does not receive House Rent Allowance from their employer✓
- 4donations for scientific research or rural development
Correct answer
rent paid by an assessee who does not receive House Rent Allowance from their employer
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